MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

Arizona State Retirement System's Holding History (CIK: 0001558481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 7,090 Value ($000) $1,541 Avg Close $216.57 Range $202.89 - $233.46

Q3 2025

Shares 8,116 Value ($000) $1,883 Avg Close $266.56 Range $230.09 - $313.40

Q2 2025

Shares 8,081 Value ($000) $2,537 Avg Close $296.03 Range $250.34 - $316.71

Q1 2025

Shares 7,980 Value ($000) $2,393 Avg Close $314.89 Range $278.64 - $338.50

Q4 2024

Shares 8,070 Value ($000) $2,718 Avg Close $341.38 Range $312.59 - $365.00

Q3 2024

Shares 8,001 Value ($000) $2,553 Avg Close $310.75 Range $294.45 - $330.22

Q2 2024

Shares 7,775 Value ($000) $2,300 Avg Close $295.99 Range $281.37 - $316.06

Q1 2024

Shares 7,041 Value ($000) $2,171 Avg Close $288.05 Range $269.51 - $316.05

Q4 2023

Shares 7,154 Value ($000) $2,048 Avg Close $260.56 Range $219.45 - $289.17

Q3 2023

Shares 7,269 Value ($000) $1,703 Avg Close $225.76 Range $188.97 - $257.28

Q2 2023

Shares 7,171 Value ($000) $1,406 Avg Close $198.02 Range $163.28 - $210.95

Q1 2023

Shares 7,379 Value ($000) $1,498 Avg Close $219.87 Range $180.99 - $259.28

Q4 2022

Shares 7,192 Value ($000) $1,558 Avg Close $227.96 Range $207.11 - $252.04

Q3 2022

Shares 6,967 Value ($000) $1,479 Avg Close $237.81 Range $208.48 - $261.16

Q2 2022

Shares 6,986 Value ($000) $1,689 Avg Close $252.01 Range $218.25 - $293.64

Q1 2022

Shares 6,407 Value ($000) $1,750 Avg Close $282.62 Range $251.56 - $343.54

Q4 2021

Shares 6,375 Value ($000) $2,180 Avg Close $309.54 Range $253.81 - $350.21

Q3 2021

Shares 6,434 Value ($000) $1,667 Avg Close $262.72 Range $242.31 - $288.54

Q2 2021

Shares 6,421 Value ($000) $1,651 Avg Close $242.63 Range $224.56 - $270.08

Q1 2021

Shares 6,858 Value ($000) $1,543 Avg Close $234.34 Range $213.55 - $255.75

Q4 2020

Shares 6,846 Value ($000) $1,585 Avg Close $198.64 Range $159.23 - $232.06

Q3 2020

Shares 7,102 Value ($000) $1,141 Avg Close $157.98 Range $140.37 - $178.57

Q2 2020

Shares 5,314 Value ($000) $749 Avg Close $141.17 Range $109.25 - $165.19

Q1 2020

Shares 4,523 Value ($000) $526 Avg Close $144.90 Range $102.59 - $166.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,090	$1,541	$216.57	$202.89 - $233.46
Q3 2025	8,116	$1,883	$266.56	$230.09 - $313.40
Q2 2025	8,081	$2,537	$296.03	$250.34 - $316.71
Q1 2025	7,980	$2,393	$314.89	$278.64 - $338.50
Q4 2024	8,070	$2,718	$341.38	$312.59 - $365.00
Q3 2024	8,001	$2,553	$310.75	$294.45 - $330.22
Q2 2024	7,775	$2,300	$295.99	$281.37 - $316.06
Q1 2024	7,041	$2,171	$288.05	$269.51 - $316.05
Q4 2023	7,154	$2,048	$260.56	$219.45 - $289.17
Q3 2023	7,269	$1,703	$225.76	$188.97 - $257.28
Q2 2023	7,171	$1,406	$198.02	$163.28 - $210.95
Q1 2023	7,379	$1,498	$219.87	$180.99 - $259.28
Q4 2022	7,192	$1,558	$227.96	$207.11 - $252.04
Q3 2022	6,967	$1,479	$237.81	$208.48 - $261.16
Q2 2022	6,986	$1,689	$252.01	$218.25 - $293.64
Q1 2022	6,407	$1,750	$282.62	$251.56 - $343.54
Q4 2021	6,375	$2,180	$309.54	$253.81 - $350.21
Q3 2021	6,434	$1,667	$262.72	$242.31 - $288.54
Q2 2021	6,421	$1,651	$242.63	$224.56 - $270.08
Q1 2021	6,858	$1,543	$234.34	$213.55 - $255.75
Q4 2020	6,846	$1,585	$198.64	$159.23 - $232.06
Q3 2020	7,102	$1,141	$157.98	$140.37 - $178.57
Q2 2020	5,314	$749	$141.17	$109.25 - $165.19
Q1 2020	4,523	$526	$144.90	$102.59 - $166.59